What is the definition of discount rate?

The discount rate is one of two interest rates, along with the Federal funds rate, set by the Federal Reserve Board. Investopedia defines it as the rate that an eligible depository institution is c...
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What is the definition of interest rate?

An interest rate is the fee charged to a consumer for the use of money procured through a loan product. It is agreed upon at the start of the loan and is charged throughout the life of the loan.Sig...
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What is the definition of a simple interest rate?

A simple interest rate is interest applied only to the principal amount of the loan. Simple interest rate is multiplied by the original loan amount to calculate the amount of interest due. If the s...
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